Judge freezes $15 million assets of company and director over questionable cheque payments

Date: 
Tuesday, December 19, 2017 - 10:00

High Court judge Frank Seepersad has granted a request by the East Port-of-Spain Development Corporation (EPOS) to freeze the assets of an employee and two of his companies to the tune of over $15 million.

The corporation took the civil action after a forensic audit allegedly uncovered that unauthorised cheque payments close to $16 million were made to Kirk Services Limited, a trading company, over a four-year period. 

EPOS accountant Solomon Lamb is a director of the company. 

Lamb, Kirk Services Ltd and Lamb’s company, Solomon Lamb & Associates Internal Audit & Management Consultants, were named as defendants one, two and three respectively in the lawsuit.

The corporation asked the court to deal with its application as a matter of urgency, claiming there were instances of forgery of authorised signatures, fraudulent accounts for these payments, apparent manipulation or concealment of relevant records by Lamb.

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